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• Culver City is Upward Bound
11/24/08
The 18-unit Sun Bay Hotel at 12841 Washington Blvd in Culver City was acquired by the Upward Bound House, which plans to convert the property into an emergency shelter for families by 2009. This shelter will be the only progr...
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• 70k sf Diamond Bar Industrial Facility sells for Just Under $10 Mil
11/20/08
A 70.4k sf industrial facility in Diamond Bar recently traded hands in a $9.69 mil ($138/sf) all-cash deal, reported to be one of the largest sales in the east San Gabriel Valley year-to-date. The property, located at 20405 E...
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• Miracle Mile Office Tower Achieves LEED Silver Certification
11/19/08
5055 Wilshire Blvd, a nine-story, 168.5k sf high-rise located just east of LA’s Miracle Mile area, has been awarded Leadership in Energy and Environment Design (LEED®) Silver certification under the U.S. Green Building Counci...
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• Historic Property Buffs Can Brush Up Their Portfolio With Crest
11/18/08
Occasionally we hear about an interesting listing to hit the market, which we think you might be interested in knowing about. In this latest example, one of the country’s longest running and last single-screen movie theatres,...
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• New RENTV Executive Report: West Los Angeles Hot Transactions
11/14/08
Here’s a great way to keep up with all of the transaction activity throughout West Los Angeles over the past year. RENTV’s latest executive report -- a compilation of closed office, industrial and retail sale and lease comps ...
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• Insurance Firm Inks $5 Mil Office Expansion Deal at Warner Center
11/13/08
Here’s an update on two recent $5 mil lease comps in the West San Fernando Valley and Ventura County areas.
We’ll start in the San Fernando Valley community of Woodland Hills, where Markel West Inc agreed to a 10-year, $5 mi...
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• LA’s Community Redevelopment Agency Acquires Reseda Shopping Center in $5.3 Mil Deal
11/12/08
The Community Redevelopment Agency of the City of Los Angeles (CRA/LA) has acquired a 15k sf shopping center along with 46k sf of land in Reseda, at 18128 Sherman Way. The property, situated just west of Lindley Ave, sold for...
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• Demand Remains Strong for New Conejo Valley Office Property
11/10/08
Although demand for office space in much of Southern California has dropped off noticeably over the past year, we can tell you about a Conejo Valley office building that has enjoyed significant positive absorption over the co...
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• Greenberg Glusker Forms Restructuring and Workout Group
11/10/08
The law firm of Greenberg Glusker has formed a real estate restructuring and loan workout group to address current economic circumstances specific to the real estate industry. The group, comprised of attorneys from the firm’...
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• Theriac Buys Planned Facility in LA’s South Bay
11/07/08
Theriac Enterprises has acquired a yet-to-be-built 12.7k sf facility in El Segundo for $4.5 mil ($354/sf). The building, slated for completion in September 2009, is part of a new 200k sf development called The Edge at El Segu...
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• CIM Group to Move Forward with Trailer Park at Its Hollywood Office Tower
11/06/08
Entertainment marketing firm Trailer Park agreed to a lease for 60k sf of space formerly occupied by Macrovision Solutions Crop at 6922 Hollywood Blvd, the former TV Guide HQ building situated west of Highland Ave in Hollywoo...
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• Marcus & Millichap is Offering Two SoCal Retail Centers Priced Near $15 Mil
11/05/08
Buyers looking for retail investment possibilities might want to check out one or both of these SoCal properties, in Santa Ana and Northridge. They’re priced at $12 mil to $17 mil and are both listed by Marcus & Millichap.
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• Voit Handles Mid-Cities Industrial Deals
11/05/08
LA’s Mid-Cities area remains a high-demand area for man industrial businesses that are attracted to its central location in the Los Angeles Basin. In this report we’ll review four recent deals from the region, which total up ...
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• Urban Housing Group Breaks Ground on Monrovia Res Project
11/04/08
While condo conversion projects and new condominium developments have virtually come to a standstill, the need for new housing stock continues to be a pressing issue in many communities. In Monrovia, a new multifamily rental ...
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• Investor Grabs Santa Monica Corner Property Listed at Over $500/sf
11/04/08
A locally based investor acquired a 35.3k sf commercial property in Santa Monica, at 1550-1558 5th St and 417 Colorado Ave, on the northwest corner of 5th St and Colorado. It boasts a very desirable location, two blocks from ...
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• Watson Closes 267k sf Carson Industrial Buy
11/03/08
Watson Land Company purchased a 266.8k sf industrial building with eight acres of extra land in the city of Carson. The single-tenant property is located at 771 Watson Center Rd, south of E 223rd St and just east of Avalon Bl...
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• Draftsmen & Craftsmen
11/03/08
Studio Pali Fekete architects (SPF:a) recently master-planned and completed Phase I design work on the first of several private aviation facilities at the Van Nuys Regional Airport for Maguire Aviation. SPF:a created a very d...
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• Premier Business Centers Helps Companies “Right-Size” Office Space During Economic Turbulence
10/31/08
Over the past few months, the ongoing U.S. recession has forced many attorneys, mortgage companies, residential real estate, and financial and professional services companies to either vacate or consolidate their facilities. ...
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• Voit Sells Out Sun Valley Condo Project
10/30/08
Wheatland Commerce Center, a 72k sf multi-tenant property comprised of 24 industrial condominium units situated on 3.5 acres of land, has sold out. The project, a development of Voit Development Company, is situated in close...
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• Beverly Hills Office Building Refinanced with $29 Mil Defeasance
10/28/08
We don’t often report on defeasance transactions, however, we thought we’d let you know about a notable deal on the Westside of LA. A defeasance is a substitution of collateral in which a portfolio of government securities re...
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